This week Tyler and Alex present their weight of the evidence approach to trend following using top down analysis. Starting with the GoNoGo Asset Map we see that Equities have struggled again on the daily basis but perhaps there is some constructive activity on the larger timeframe chart. Looking at GoNoGo RelMaps we can see how there is outperformance coming from the industrials sector and within that the transports subgroup is performing well. Single securities looked at include$ODFL and $X. They also talk about how the relative outperformance of crypto currencies has ended for now.
S&P 500 ETF (SPY), 10-Year Treasury Yield ($TNX), US Oil (USO)
DB Agriculture (DBA), Gold (GLD), US Dollar (UUP)
Bitcoin ($BTCUSD), Old Dominion Freight (ODFL)
Universal Logistics Holdings (ULH), United States Steel Corporation (X)
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